(Common-size analysis and differences in profitability and leverage) Comparative financial statement data for Cool Brewery Ltd. and Northern Beer Ltd., two competitors, follow (amounts in thousands): Cool Brewery Ltd. Northern Beer Ltd. 2020 2019 2020 2019 Net sales $203,130 $43,450 Cost of goods sold 98,980 16,160 Operating expenses 83,840 17,460 Interest expense 7,810 410 Income tax expense 4,430 1,020 Cash 11,630 $9,020 4,840 $2,480 Other current assets 90,330 73,510 7,610 7,030 Long-term assets (net) 191,910 195.830 28,170 30,180 Current liabilities 73,120 62,650 3,510 4,140 Long-term liabilities 105,350 110,690 7,630 6,970 Share capital 47,500 51,500 17,000 17,000 Retained earnings 67,900 53,520 12,480 11,580 Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal place, e.g. 15.1%.)
(Common-size analysis and differences in profitability and leverage) Comparative financial statement data for Cool Brewery Ltd. and Northern Beer Ltd., two competitors, follow (amounts in thousands): Cool Brewery Ltd. Northern Beer Ltd. 2020 2019 2020 2019 Net sales $203,130 $43,450 Cost of goods sold 98,980 16,160 Operating expenses 83,840 17,460 Interest expense 7,810 410 Income tax expense 4,430 1,020 Cash 11,630 $9,020 4,840 $2,480 Other current assets 90,330 73,510 7,610 7,030 Long-term assets (net) 191,910 195.830 28,170 30,180 Current liabilities 73,120 62,650 3,510 4,140 Long-term liabilities 105,350 110,690 7,630 6,970 Share capital 47,500 51,500 17,000 17,000 Retained earnings 67,900 53,520 12,480 11,580 Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal place, e.g. 15.1%.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(Common-size analysis and differences in profitability and leverage)
Comparative financial statement data for Cool Brewery Ltd. and Northern Beer Ltd., two competitors, follow (amounts in thousands):
Cool Brewery Ltd.
Northern Beer Ltd.
2020
2019
2020
2019
Net sales
$203,130
$43,450
Cost of goods sold
98,980
16,160
Operating expenses
83,840
17,460
Interest expense
7,810
410
Income tax expense
4,430
1,020
Cash
11,630
$9,020
4,840 $2,480
Other current assets
90,330
73,510
7,610
7,030
Long-term assets (net)
191,910
195.830
28,170 30,180
Current liabilities
73,120
62,650
3,510
4,140
Long-term liabilities
105,350
110,690
7,630
6,970
Share capital
47,500
51,500
17,000 17,000
Retained earnings
67,900
53,520
12,480
11,580
Prepare a common-size analysis for 2020 for Cool Brewery Ltd. and Northern Beer Ltd. (Round percentage answers to 1 decimal
place, e.g. 15.1%.)
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